Share This Listing

Message

942 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Executive Summary

Brand New 2022 Construction | 16 Years Remaining on a 20-Year NNN Lease Commencing June 2022, Plus Three 5-Year Renewal Options Extending Potential Occupancy Through 2057
True NNN Lease | Tenant Responsible for Roof & Structure, Delivering Passive, Management-Free Ownership With No Landlord Capital Obligations or Operating Expense Exposure
Scheduled 8% Rent Increase in June 2027 Lifts the Going-In Yield From 5.75% to Approximately 6.21%, a ~46 Basis Point Increase
Directly Across from Owasso High School | One of the Largest High Schools in Oklahoma With Approximately 3,000 Students in Grades 9–12, Driving a Built-In Daytime Customer Base And Strong Lunch-Daypart Traffic for the Tenant
McAlister’s Deli | 500+ Restaurants Across 29 States And a Flagship Brand Within GoTo Foods, the Roark Capital-Owned Platform Operating Over 7,400 Locations in All 50 States And 71 Countries
Affluent, Fast-Growing Owasso, OK | Third Largest City in the Tulsa Metro And One of the Fastest-Growing in the State, up More than 17% Since the 2020 Census
Strong Household Demographics | Median Household Income Approaching $80,000 With Steady ~2.5% Annual Population Growth Within an Established Upscale Retail Corridor Just North of Tulsa

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
3,844 SF
Building Class
B
Year Built
1994
Price
$4,193,758 CAD
Price Per SF
$1,090.99 CAD
Cap Rate
5.75%
NOI
$241,135 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
0.84 AC
Zoning
CS
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100

Nearby Major Retailers

Billy Sims BBQ
Mazzio's
Zaxby's
Rib Crib Restaurants
Dutch Bros
McAlister's Deli
Anytime Fitness
Walmart Neighborhood Market
Reasor's
Crunch Fitness

Property Taxes

Property Taxes

Parcel Number
61245-14-20-22080
Land Assessment
$21,693 CAD
Improvements Assessment
$70,851 CAD
Total Assessment
$92,544 CAD
  • Listing ID: 41061432

  • Date on Market: 2026-06-25

  • Last Updated:

  • Address: 12707 E 86th Pl N, Owasso, OK 74055

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}